Vietnam news & analysis

17 November 2020
Central Retail Corporation (CRC) has achieved V-shaped recovery in the third quarter of 2020, 87% Q1 sales level. The retailer reports Q3 revenue of THB47,573m (US$1,577m) and a net profit of THB746m (US$24.7m). Food segment sales supported by Vietnam growth Vietnam food business grew +0.4% for Q3 while Thailand registered -18% decline compared to last year. Overall, the food segment is -11...
01 October 2020
Vinshop, developed by Vingroup, is a new platform that connects traditional shop owners with supplier partners. A wholesale online model Vingroup has sold Vincommerce retail, which operates a chain of supermarkets and convenience stores, to Masan at the end of last year. It also closed Adayroi, its ecommerce website selling to consumers. With VinShop, traditional grocery store owners can bu...
16 September 2020
Mobile World Corporation, which operates a chain of convenience stores called Bach Hoa Xanh, will partner farmers to grow clean and vegetables for sale at its stores. 4K Farm project with experts The retailer will invest in a model of growing clean vegetables in 4K Farms with four criteria: No pesticides No growth agents No preservatives No genetically modified varieties ...
12 August 2020
For the first time, ASEAN Day will include the launch of the inaugural ASEAN Online Sale Day on 8 August. An initiative for retailers to showcase their products The new initiative is supported by many retailers across the Southeast Asian markets. It is a way to encourage retailers to embrace digitalisation to reach more consumers and access new markets. Source:...
29 June 2020
Alibaba Group has named Chun Li as Group Chief Executive Officer of Lazada, effective from 1 st July 2020. An experienced leader Li joined Alibaba as chief technology officer for the company’s B2B division in 2014 and moved to Lazada in 2017. He has since served as both group president and CEO of Lazada Indonesia. Li held leadership positions at Paypal and eBay prior to joining Alibaba. “...
23 June 2020
Grab Holdings, a Singapore-based ride-hailing company, is expanding its delivery services from convenience stores and supermarkets across 50 cities in the region. Expansion accelerated in the pandemic The company has teamed up with 3,000 stores as it accelerates delivery of groceries, toilet paper, packaged snacks and beverages to the community during the COVID-19 pandemic. Grab provided th...
23 June 2020
Saigon Co.op, operator of a leading supermarket chain in Vietnam, launched a sustainable consumption campaign from 6th to 30th June. This event is held in partnership with SaiGonGiaiphong (Liberated Saigon) newspaper. Promotion of green initiatives More than 500,000 participants have shared the program on social networks to spread the word to shoppers. For the “Green Challenge” project, eac...
29 April 2020
The coronavirus outbreak has changed Asian consumers’ habits, especially in Hong Kong and China. A trend that can be seen across markets Survey research shows a high share of consumers claimed they prefer to eat at home more often now than they did in the pre-COVID period. The trend can be seen in several Asian markets, but is much more pronounced in China and Hong Kong: China : 86% ...
06 March 2020
AEON will continue to expand across Vietnam with the goal of building 20 more shopping centres. Commitment to the market AEON launched its first mall, Celadon City, in 2013 in a suburb of Ho Chi Minh City. In a visit last August, chairman of AEON Japan, Hiroshi Yokoo, named Vietnam as “the most significant market of the company in Southeast Asia”. Its board members also toured the Celadon C...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...